The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised Deutsche Beteiligungs AG (DBAG) on the acquisition of Karl Eugen Fischer Group (KEF).

KEF is a leading developer and manufacturer of cutting machines for the tyre industry.

DBAG Fund VII, advised by DBAG, has acquired the majority of the shares as part of a management buyout from funds advised by Equistone Partners Europe. The parties have agreed not to disclose the purchase price.

The international law firm Milbank, Tweed, Hadley & McCloy LLP advises EQT VIII SCSp (“EQT”) on the acquisition of the SUSE business segment from Micro Focus International plc, the global infrastructure software business, for a total cash consideration of approx. US $2.5 billion.

SUSE, a pioneer in Open Source software, develops markets and supports an enterprise grade Linux operating system, Open Source software-defined infrastructure and application delivery solutions that give enterprises greater control and flexibility over their IT systems.

London – Paul Hastings LLP, a leading global law firm, announced today that the firm has represented new client Abry Partners II, LLC, the media, communications, business and information services focused private equity investment firm, on its recommended voluntary cash offer to acquire all shares in LINK Mobility Group ASA at an offer price that values Link Mobility Group ASA at NOK 3,396 million (€357 million). The firm won Abry as a client with the arrival of relationship partner Anu Balasubramanian from DLA Piper in June 2018.

Ropes & Gray has advised Duke Street Capital, a UK-based mid-market private equity firm – and another new client for the firm - on its acquisition of Great Rail Journeys, the world’s leading provider of escorted rail holidays, from ECI. The terms of the transaction have not been disclosed.

Following the announcement of a possible cash offer on 5 June 2018, Ashurst continues to advise Stafford Capital on its hostile takeover of Phaunos Timber Fund Limited, the terms of which were announced today under Rule 2.7 of the Takeover Code. Under the terms of the hostile offer, Phaunos shareholders will be entitled to receive US$0.49 per Phaunos share, which implies a total equity value of Phaunos of approximately US$244.2 million (on a fully diluted basis).

Ashurst has advised global entertainment operator Parques Reunidos Servicios Centrales S.A. (Parques Reunidos) on its A$40 million acquisition of all the shares in Wet'n'Wild Sydney Pty Ltd (Wet'n'Wild Sydney), the company that owns the Wet'n'Wild water park located in Sydney, from Village Roadshow Limited.

Parques Reunidos operates 60 theme parks globally, with the acquisition of Wet'n'Wild Sydney marking the company's entry into the Australian market.
 

Loyens & Loeff advised EQT Partners on the acquisition of SUSE, a German firm providing open source Linux software and related infrastructure for business clients.

Author

    Thibaut Partsch
    Marjorie Andre

On 28 June 2018, the China-based producer of home appliances, HISENSE, announced the successful outcome of its takeover offer for the shares in the Slovenia-based white-goods manufacturer Gorenje. The target company is listed on the Ljubljana and Warsaw stock exchanges and has overall revenues of EUR 1.2 billion and over 11,000 employees. Before and in the course of the takeover offer that was launched on 25 May 2018, HISENSE acquired more than 95% of the shares of GORENJE.

Cooley advised Acelity, a global leader in wound care, on the acquisition of Crawford Healthcare. Justin Stock, Cooley’s UK managing partner, led the team advising Acelity.

Crawford Healthcare is a recognized leader in developing and commercializing innovative treatments for the care and repair of skin. Through the combination, Acelity has expanded its portfolio of advanced wound dressings, strengthening its position as global leader and creating the world’s most expansive wound care portfolio.